Each bar on this chart is a 6 month period. Here we can see the ups and downs of stocks relative to gold over the decades. The chart pattern at the moment looks like a bearish rising wedge.
Excellent use of Heikin Ashi candles here. I agree with your conclusion.
This is yet another one of a growing number of convincing charts that suggest prolonged pain may be ahead for the S&P 500. Please post updates on this post when/if you see that wedge breaking or that resistance line is reached.
This is yet another one of a growing number of convincing charts that suggest prolonged pain may be ahead for the S&P 500. Please post updates on this post when/if you see that wedge breaking or that resistance line is reached.